PUBLISHER: Market Research Future | PRODUCT CODE: 1555582
PUBLISHER: Market Research Future | PRODUCT CODE: 1555582
Global Welding Equipment & Consumables Market for Carbon Capture Plants Market Research Report Information By Type (Welding Equipment { MIG, TIG, Arc Welding Machine, Others}, Welding Consumable{ Electrodes, Fluxes, Saw Wires, Gas, and Others}) By Carbon Capture Plant type (Open Air, Point Source) End User (New Plant Development, Maintenance, Transportation, Storage (Sequestration), and others) and By Region - Forecast to 2032
In 2023, the market size of the Welding Equipment & Consumables Market for Carbon Capture Plants was USD 649.8 Million. During the forecast period (2024-2032), the Welding Equipment & Consumables Market for Carbon Capture Plants industry is anticipated to experience a compound annual growth rate (CAGR) of 9.05%, increasing from USD 698.9 Million in 2024 to USD 970.0 Million. There are numerous end-use industries that utilize the welding equipment and consumables market. The market expansion is facilitated by technological advancements. Welding facilitates the connection or joining of metals. The materials utilized to fabricate a weld are referred to as welding consumables, and they encompass electrodes, filler wire, and other components. The arc welding procedures are employed in the welding of consumables, and the filler wire is inserted or utilized for welding. These consumables contribute to the enhancement of the weld's overall quality and performance.
Welding is a fabrication process that utilizes high temperatures to melt and fuse or connect/bind two parts of metal. In the process of welding, substances known as infill materials or consumables are employed. As the name suggests, these substances serve as a filler or a body of molten materials that facilitate the formation of a firm bond between the base metals incorporated. Additionally, shielding is necessary for the majority of welding procedures to prevent the oxidation of both the main components and filler. The primary material is the term used to describe metal components that are welded together. Consumables are the materials that are incorporated to assist in the formation of this joint. These materials may be referred to as parent plate or conduit, filler wire, consumable electrode (for arc welding), and so forth, depending on their form. The use of the appropriate consumables or filler material in welding results in a strong bond between the two metals.
Market segment insights
The Welding Equipment & Consumables Market for Carbon Capture Plants has been segmented into Welding Equipment and Welding Consumables based on the product.
The Welding Equipment & Consumables Market for Carbon Capture Plants has been categorized into Open air and point Source based on the form of Carbon Capture Plant.
The Welding Equipment & Consumables Market for Carbon Capture Plants has been segmented into New Plant Development, Maintenance, Transportation, Storage (Sequestration), and others based on the End User.
Regional Perspectives
North America, Europe, Asia-Pacific, Middle East & Africa, and Latin America comprise the Welding Equipment & Consumables Market for Carbon Capture Plants, which is segmented by region. The North American Welding Equipment & Consumables Market for Carbon Capture Plants maintains the highest market share and is anticipated to generate a substantial revenue share during the forecast period. This industry is dynamic due to its emphasis on environmental sustainability and the reduction of greenhouse gas emissions in the welding equipment and consumables market for carbon capture facilities in North America. Carbon capture facilities are a critical infrastructure required to mitigate CO2 emissions from industrial operations, which is a significant concern due to climate change.
Some of the key companies in the Welding Equipment & Consumables Market for Carbon Capture Plants Market are ESAB Welding & Cutting Products, The Lincoln Electric Company, Messer group, Ador Welding Limited, voestalpine Bohler Welding, Fronius International GmbH, Kemppi Oy, and several others.